Business Mag Gets Shut Down…Not For Lack of Material, Of Course…

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Conde Nast Portfolio has folded according to The Business Insider:

Executives just finished a meeting to inform staffers. In the meeting, there was a round of applause for editor Joanne Lipman.

Also read Gawker’s Oct. 08 take on why the magazine is going down and Portfolio Jeff Bercovici writes about it on the Portfolio blog.